The Startup Ecosystem of Albania
Albania has 1 city in the top 1000 and is ranked 18th in Eastern Europe.
COUNTRY RANKING
Albania’s startup scene saw an increase in 2024 and jumped 2 spots from the previous year, outranking Lebanon.
Population
Million
Regional Ranking
In Eastern Europe
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Albania’s startup ecosystem is still in its infancy, but there are concerted efforts from both the public and private sectors to promote startup development and entrepreneurship. The country boasts a talented pool of IT professionals who have already launched successful startups like Kreatx and Publer. With the right support systems in place, Albania has the potential to emerge as a success story in the near future.
Key stakeholders, such as EBRD, are actively involved in supporting and guiding startups, providing access to international markets and investment networks through initiatives like the Start Venture Program. The Ministry of State for Entrepreneurship also plays a crucial role in assisting private entrepreneurship in Albania.
In recent years, Albania has seen the rise of innovative initiatives like Ofiçina, Swiss Entrepreneurship Albania, Pro-Tik Center, and ICTSlab, all aimed at fostering entrepreneurial skills among the local population. Additionally, the establishment of the Crimson Finance Fund by the Albanian-American Development Foundation, Norfund, Crimson Capital Corp, and the Municipality of Tirana addresses the challenge of limited funding opportunities in the local ecosystem.
Despite experiencing significant brain drain, Albania’s startup ecosystem is on the rise, particularly in the tech sector. The country’s digital nomad visas, which can be extended up to five years, attract a diverse range of talent. With the support of EU funding for startup development, Tirana is poised to become a major innovation hub in the region.
Startups
Albania Top Startup Industries
Ecosystem HealthCheck
Albania Ecosystem Health Check
The health check tables allow you to look at the performance Albania has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Albania
Become our Albania Ecosystem Partner
Startup Ecosystem Charts
Startup Funding in Albania2017 - 2024
Startup Funding in Albania 2017 - 2024
From 2022 to 2023, startup funding in Albania has decreased by 100%. During this period, the number of deals in Albania has decreased by 100%. Since 2017, total startup funding in Albania exceeded US$ $17.10M.
Average Funding in 2023
$0.00
Funding in 2023
$0.00
Deals in 2023
0
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Albania
Global Rank
Albania is ranked within the top 100 startup ecosystems globally.
Top Industries
Albania’s startup scene is best represented in Software & Data, Edtech, and in Ecommerce & Retail.
Top Cities for Startups in Albania - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 465th - 6 | 0.571 | 00.00 | 00.00 | 00.00 |
BLOG
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